Category: Annuities

ATTORNEY NEWSLETTER Verify You’ve Named The Beneficiaries You Want Outdated Beneficiary Designations Can Cause Problems Keeping beneficiary designations current on life insurance policies, annuities, bank accounts, CDs and IRAs might be one of the most important things you can do to see that your assets pass to the right persons […]

ATTORNEY NEWSLETTER Understanding How Fixed Annuities Work Insurance Policies Not Investments Fixed annuities are sold by agents as “safe” products with “guaranteed” returns. Don’t buy it, because that is not the entire story. Our lawyers recommend avoiding annuities of any kind, including fixed annuities, especially for seniors, because sales commissions […]

ATTORNEY NEWSLETTER Understanding The Details Costs, Complexities, and Withdrawal Penalties Our annuity and financial elder abuse attorneys recommend against annuities for seniors in particular, because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it.  Salespeople push annuities for the […]

ATTORNEY NEWSLETTER What are Income Riders? Are They Worth The Annual Fee? Understanding the “Phantom Account” of an Income Rider Our lawyers recommend you avoid annuities and life insurance, especially if you are a senior. Also, be particularly wary when an agent tries to sell you policies with “enhanced” features […]

ATTORNEY NEWSLETTER Resist The Annuities Sales Pitch Annuities Are Unsuitable Retirement Investments SECURE Act Will Not Protect Consumers The lawyers at Evans Law Firm, Inc. recommend against annuities especially for seniors, because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you […]

ATTORNEY NEWSLETTER Resist The Annuities Sales Pitch Sales Commissions And Annual Fees Erode Returns Bonds And Other Fixed Income Investments Carry No Penalties The lawyers at Evans Law Firm, Inc. recommend against annuities especially for seniors, because commissions, fees and surrender penalties reduce returns and make it expensive to get […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Insurance Agents and Banks Earn Commissions on Sales Annuities Impose Withdrawal Penalties And Hidden Fees Watch out if your banker, an insurance agent or financial advisor recommends you convert a maturing CD into an annuity. The lawyers at Evans Law Firm, Inc. recommend […]

ATTORNEY NEWSLETTER Avoid The Hype on Fixed Index Annuities Insurance Not Investment Fixed index annuities (FIAs) are sold by agents as “safe” market return products. Don’t buy it. Our lawyers recommend avoiding annuities of any kind, including fixed index annuities, especially for seniors. Fixed index annuities, like all annuities, are […]

ATTORNEY NEWSLETTER Minnesota Life Insurance Company, part of Securian Financial Group, issues indexed universal life insurance policies in California and throughout the United States under the trade name Balanced Growth Advantage© or Balanced Growth Accumulator©, and similar trade names. These contracts include complex rules regarding returns and investment strategies, fees […]

ATTORNEY NEWSLETTER Beware the Hype Consumer Risks, Especially For Seniors Unrealistic Expectations Based on years of litigation experience, our lawyers recommend consumers, especially senior consumers, avoid annuities or life insurance.  Insurance carriers, marketing groups and agents advertise tantalizing interest rates on annuities sometimes equaling 7%.  Sounds great in the low-interest […]